Asia

Japanese score big in N.A. in 1st quarter

12:01 am U.S. ET | Aug. 3, 2015

Booming business in North America was a gleaming bright spot for Japanese automakers in the latest quarter, as sales and operating profits climbed higher in the region for Nissan, Mazda, Mitsubishi, Honda and Subaru's parent company, Fuji Heavy Industries....
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Seeking N.A. niche, China's Minth expands in Mexico

12:01 am U.S. ET | Aug. 3, 2015

Minth Group, a maker of roof racks, hopes to gain a niche in North America. The company supplies the Detroit 3 along with Audi, BMW, Honda and Nissan, and it already has three plants in Mexico and one in Michigan....
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GM takes a fresh look at emerging markets

12:01 am U.S. ET | Aug. 2, 2015

GM is spending $5 billion to develop a new family of Chevrolet small cars that it will build and sell in China, Brazil, India, Mexico and other emerging markets. It is co-developing the common architecture and engines with Chinese partner SAID Motor corp....
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REUTERS SPECIAL REPORT

Subaru's low-paid foreign workers power an export boom

12:01 am U.S. ET | Aug. 1, 2015

At the heart of Subaru's ongoing U.S. sales boom has been the Forester SUV, which has carved out a following with American drivers for its performance, price and aura of social responsibility. What Subaru does not tout is that its boom is made possible in part by asylum seekers and other cheap foreign laborers from Asia and Africa....
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Pacific trade talks end without deal; vehicle tariffs, rules remain a hurdle

3:49 am U.S. ET | Aug. 1, 2015

High-level negotiations in Hawaii on a trade agreement in the Pacific Rim wrapped up without a final deal as disagreements over vehicle tariffs and other rules trumped progress in other areas. The dialogue may resume within weeks....
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Subaru parent's operating profit jumps 70% on surging U.S. sales

6:20 am U.S. ET | July 31, 2015

Japan's Fuji Heavy Industries, the maker of Subaru cars, posted a 70 percent jump in quarterly operating profit as sales continued to climb in the United States, its biggest market, and a weak yen boosted the value of earnings overseas....
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FCA battles in court with Australia ex-CEO

9:56 am U.S. ET | July 31, 2015

FCA traded charges in court with its former Australia CEO, who denied breaching his legal duties and said he acted on instructions from above after a lawsuit by the carmaker accused him of excessive spending and illegally enriching himself through commercial deals....
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BMW revamps China marketing to focus more on tech, less on the badge

July 31, 2015 12:21 CET

BMW will increase spending on online marketing in China to emphasize its technology as part of efforts to target younger buyers, who care more about the latest features than the brand as a status symbol....
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Mitsubishi Motors' April-June net falls 15%

1:51 pm U.S. ET | July 30, 2015

Mitsubishi Motors today said its fiscal first-quarter net income fell 15 percent to 23.99 billion yen, or $195.56 million, brought down by widening losses in Japan, poor performance in Europe and a drop in global factory unit sales....
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Audi cuts global car sales outlook on China

July 30, 2015 11:57 CET

Audi lowered its global sales forecast for this year because of slumping demand in China, its biggest market. The automaker expects global deliveries to increase between 3 percent and 4 percent from a record 1.74 million sales in 2014....
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VW says China sales may decline this year

July 29, 2015 17:19 CET

Volkswagen said its vehicle sales may decline in China this year after years of double-digit volume gains in its largest market....
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GM to invest $1 billion in India, plans to double market share by 2020

6:59 am U.S. ET | July 29, 2015

General Motors plans to invest $1 billion in the next few years to turn operations in India into a new global export hub aimed at boosting sales in fast-growing emerging markets, top executives said today....
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GM plans $5B vehicle family for emerging markets

12:01 am U.S. ET | July 28, 2015

GM plans to spend $5 billion over the next several years to develop a new range of technology-rich small cars, based on a common architecture, that will be built and sold under the Chevrolet name in China, Brazil, India, Mexico and other emerging markets....
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Chinese supplier YFS to build plant in Detroit

3:08 pm U.S. ET | July 28, 2015

Chinese auto supplier YFS Automotive Systems said it plans to construct a 150,000-square-foot plant on 30 acres of vacant industrial property in Detroit....
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Audi aims to raise China sales with revamped A4

July 27, 2015 13:43 CET

Audi hopes that a redesigned A4 sedan will help shore up its fortunes in China where the premium brand is grappling with a second consecutive month of falling sales in its No. 1 market....
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GM Korea reaches tentative wage deal with union

9:01 am U.S. ET | July 27, 2015

General Motors' South Korean unit tentatively reached an annual wage deal with its labor union today, averting a major strike at one of its key Asian production bases, a union spokesman told Reuters....
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Mitsubishi will focus production on Japan, Russia, S.E. Asia after closing U.S. plant

July 27, 2015 08:42 CET

Mitsubishi will focus production on Japan, Russia and Southeast Asia after closing its U.S. plant, the automaker's president, Tetsuro Aikawa, said. Mitsubishi currently builds cars in Thailand and the Philippines and will open a factory in Indonesia....
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Valeo raises profit forecast, shrugs off China slowdown

July 27, 2015 10:54 CET

Valeo raised its profit outlook today, playing down the impact of a Chinese market slowdown after a record first-half order intake boosted by demand for driving-assistance and fuel-saving technologies....
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GM profit weathers China slowdown

12:01 am U.S. ET | July 27, 2015

General Motors' second-quarter results offered a sigh of relief - at least temporarily - to investors and other market watchers worried about slowing growth in China....
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VW: No plans to cut China production

9:04 am U.S. ET | July 25, 2015

Volkswagen has no plans to cut China output even amid slowing vehicle demand in the world's largest auto market, the company said Saturday in response to a media report....
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Barra pressed for cost cuts, other moves to help GM hit China target

6:29 am U.S. ET | July 24, 2015

GM Chief Executive Mary Barra has been pushing executives in China since the first signs of trouble in the market early this year to find ways to hit the company's target of delivering 9 to 10 percent profit margins, despite falling car prices and weak economic growth....
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Mitsubishi to end U.S. vehicle output, report says

4:32 pm U.S. ET | July 23, 2015

Mitsubishi plans to quit building light vehicles in the U.S., according to Japan's Nikkei news service, which called the move part of a strategic shift to the growing Asian market. Mitsubishi declined to comment....
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GM shrugs off China worries with $1.1B Q2 profit

7:45 am U.S. ET | July 23, 2015

GM's strong second-quarter results in China seemed to allay investors' concerns that a slowdown in Chinese demand would dent the company's bottom line. The automaker posted net income of $1.1 billion last quarter, fueled by strong demand for pickups and SUVs, and higher pretax profit and margins in China....
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Japan auto lobby chief warns of 'downward spiral' in China

11:51 am U.S. ET | July 23, 2015

The head of Japan's auto lobby, warning of a "downward spiral," says China's economic situation looked tough and that he was not optimistic about the outlook for the country's auto market....
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Toyota delays decision to produce Lexus lineup in China

1:24 pm U.S. ET | July 23, 2015

Toyota likely will delay building Lexus models in China for at least a few years as growth in the country's auto market slows to a crawl and a weak yen makes it cheaper to ship cars from Japan....
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